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Fund admin · Fund · Per round

Update a cap table after a round

After a portfolio company closes a round, its cap table is current, backed by the round documents, and the fund’s ownership is checked against its own records.

PlanUpdate a cap table after a round

  1. Read the cap table and the closing record

    Held

    Reads the company’s current cap table and the fund’s closing record: its shares and price per share.

    API action

  2. Support a new export format

    Held

    Only if the company’s export comes in a layout Infra One can’t import yet: a build adds support for it, and the step finishes when the change ships.

    BuildFund admin approves

  3. Import the new revision

    Held

    A fund admin imports the new revision in the app, with a dry run before applying it.

    PersonFund admin approves

  4. Upload the round documents

    Held

    Files the share purchase agreement, the shareholders’ agreement and the other round documents as evidence on the cap table.

    API actionFund admin confirms

  5. Check each document’s links

    Held

    Operator checks every proposed link between a document and a position against the round terms. A document it can’t place goes to a fund admin to link by hand.

    Operator

  6. Confirm or reject the links

    Held

    The links Operator vouched for are confirmed and the wrong ones rejected, each set in one approval.

    API actionper linkFund admin approves all in one go

  7. Check the fund’s ownership

    Held

    Operator compares the fund’s new position with its closing record and flags a priced round for the quarter’s marks. A share mismatch stops the plan for a fund admin.

    Operator

The plan as it runs: each step waits for the one before it, and stops at its gate until the owner approves.

At a glance

Who runs it, and when

Who runs it
Fund admin
What starts it
A portfolio company closes a financing round and you share its cap table export and the round documents.
How often
Per round
Vehicle
Fund

Ask Operator

Start it in a sentence

Ask Operator in chat. It drafts the plan for your fund, and nothing runs until you release it.

  • You

    This company closed its round. Update the cap table and check our ownership.

  • You

    Import the new cap table and match the round documents.

  • You

    Does our position still match after the Series A?

The outcome

The cap table is current, every round document is confirmed or rejected against it, and the fund’s shares match its closing record.

What it proves

  • Adds support for a new export format with a code change, only when the import needs one.
  • Leaves the import itself to a person, with a dry run first.
  • Confirms every document link Operator vouched for in one approval.
  • Hands a document Operator can’t place to a fund admin, who finishes the step.
  • Checks the fund’s ownership against its own closing record, and stops on any mismatch.

Run it on your fund

Talk to the team about running this playbook on your own fund.

Talk to a human